Starbucks experienced a significant drop in sales and earnings, leading to a plunge in shares due to a 4% decrease in global comparable store sales
The decrease in sales was particularly notable in China where competition with lower prices impacted transactions and average spend negatively
Despite new store openings, Starbucks struggled to offset the declining sales in existing cafeterias due to various factors like colder weather, cautious consumers, and conflicts globally
Coca-Cola has been able to increase prices and gain market share due to the strength of its brands, leading to revenue and profit growth.
The company saw a significant boost in organic revenue in the first quarter of 2024, exceeding analyst estimates and leading to an increase in full-year growth forecast.
Sales of Coca-Cola products were affected by the war in Gaza, with volume growth impacted in the first quarter and uncertainty about future impacts.
Meta loses $200 billion in value due to increased spending and investment forecasts, particularly for boosting artificial intelligence tools.
Despite strong quarterly results, including a significant increase in revenue and profit, the market reacted negatively to Meta's plans of heavy spending on AI.
Mark Zuckerberg emphasizes the long-term potential of AI for Meta, but investors remain skeptical about the company's ability to effectively monetize new AI services and generate revenue.